Support The Moscow Times!

Increase in Rosneft's Capitalization Eyed

The decision on whether or not to privatize state-owned oil company Rosneft should be made after steps are taken to stimulate an increase in the company's capitalization, Rosneft President Igor Sechin said Thursday, Interfax reported.

"If a decision on privatization is made rapidly, it should be preceded by stimulus measures," he said.

"If you require a financial result that we could get as a result of a process extending over time, then of course we need to consider projects that influence capitalization," Sechin said. "These are a decision on exporting liquefied natural gas, a reappraisal of resources, particularly in light of new offshore projects, and potential discoveries of new fields. Then the maximum efficiency will arise."

(MT)

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more